Investing in property in Dubbo
Dubbo is located in the l Macquarie Valley in the Orana region of New South Whales. It is the largest populated centre in the region and just surpassed 43,000 residents in 2021. Dubbo is an exciting city offering well-connected transport, a clean environment and affordable housing. It is ideally located at the intersection of major road, rail and air transport routes, with an airport located only 5km from the city centre.
Dubbo Property Investment Opportunities at a Glance
Property Market Highlights
- Average capital gain (24.59%) is higher than the Australian average.
- Average capital gain has grown a whopping 38.44% within five years.
- Houses have seen 4.62% growth in the last quarter of 2022.
Infrastructure & Development Highlights
- $1,500,000 for Wheelers Lane Road rehabilitation works.
- $400,000 for the construction of an elevated substation platform at the Ollie Robbins Oval event precinct.
- $250,000 for wayfinding signage along the Tracker Riley Walkway and Riverside Path network.
- $400,000 for infrastructure upgrades at the Old Dubbo Gaol Heritage Plaza
Economic Growth Highlights
- Key Industries:
- Health
- Retail
- Transport
- Tourism
- Education
- Construction
- Agriculture
- The unemployment rate in Dubbo Regional is 3.3% (June 2022).
Dubbo Location & Lifestyle:
Dubbo is a welcoming and vibrant community where a quality lifestyle, affordable housing, and career and education opportunities make the city a popular place to live, work, and invest in. The city’s population has been growing steadily for the last decade and is predicted to reach 55,401 this year. Dubbo is a region of progress, diversity and opportunity, and combines the attributes of a large population centre with the familiarity and generosity of spirit typical of country towns.
Dubbo Property Market
The median home price for houses in Dubbo is sitting at $525,000, and the average rent for a house is $450. Dubbo’s capital gain of 24.59% is higher than the Australian average and has grown a whopping 38.44% within five years. This suggests property owners could earn an annual 4.7% gross rental yield annually. Houses have seen 4.62% growth in the past quarter, and 25.30% growth in the past 12 months. In September 2022 the vacancy rate for the Orana region was 1.9%.
Dubbo Infrastructure & Development
This year the local government will invest $4,292,996 million in priority projects for Dubbo Regional Council. the investment is set out to support local jobs and businesses, and to help communities bounce back from the COVID-19 pandemic. Projects to be delivered include the Wheelers Lane Road rehabilitation works and infrastructure upgrades at the Old Dubbo Gaol Heritage Plaza, which will boost Dubbo, backing local jobs and economic growth while delivering important improvements for the community.
Dubbo Economy
Dubbo’s strategic location in the centre of NSW means the Dubbo region has remained at the forefront of regional growth, investment and opportunity. The city’s economic strength lies heavily in the diversity of industries that reinforce its role as a vibrant regional service centre of some 5,217 local businesses. Expansion of growth sectors such as mining is expected to result in solid returns for property investment across the City. Proactive town planning is currently undertaken by the Regional Council to accommodate for the region’s significant growth over the next decade.
Invest in Dubbo
Stroud Homes Dubbo has a wide range of properties ideal for investors looking for opportunities in this region, including Duplex and Dual Occupancy dwellings. Check out our selection of House and land Packages designed specifically with you the Dubbo property investor in mind.